What remedies are available to parties to a securities arbitration case?

In North Carolina, parties to a securities arbitration case may seek a variety of remedies. The most common is an award of damages for losses caused by a violation of securities laws. The damages may include compensatory damages, to compensate the party for the losses suffered, as well as punitive damages, to punish the other party for the violation. In some cases, parties may also seek an injunction from the court, which is an order from the court that orders someone to do something or to stop doing something. This type of remedy is typically used when the wrongdoer is engaging in or planning to engage in activities that are illegal or harms the victim. Parties may also seek specific performance, which is when the court requires the other party to do something they had previously agreed to do as part of the agreement. This type of remedy is often used when one party has failed to fulfill its contractual obligation. Finally, parties may seek to recover attorney’s fees. This is an amount of money determined by the court that must be paid by the wrongdoer to the victim in order to reimburse or partially reimburse them for the legal costs associated with bringing the action. In summary, upon a successful outcome of a securities arbitration case, the court may order the wrongdoer to pay damages, issue an injunction, force them to take some action they had previously agreed to take, or reimburse attorney’s fees to the victim.

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What remedies are available to parties to a securities arbitration case?

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